A.9. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Size of Loan, August 7-11, 2006 Percent except as noted _______________________________________________________________________________________________________________________________ $1,000 to $10,000 to $25,000 to $50,000 to $100,000 to $250,000 Loan characteristic All sizes $\9,999 $24,999 $49,999 $99,999 $249,999 and over _______________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,028,600 33,058 71,916 68,522 110,478 177,557 567,068 Number of loans 16,683 6,165 4,797 2,002 1,664 1,222 833 Weighted average maturity (months) 1 20.70 8.02 9.86 14.01 14.46 24.57 23.50 Weighted average repricing interval (months) 2 5.24 2.10 2.34 4.98 4.82 7.47 5.21 Weighted average risk rating 3 3.23 3.14 3.07 3.06 3.04 3.26 3.31 Weighted average interest rate 4 8.44 9.24 9.05 8.85 8.64 8.49 8.22 Standard error 5 .17 .09 .14 .04 .04 .15 .19 Interquartile range 6 75th percentile 9.26 9.93 9.70 9.50 9.14 9.11 8.99 25th percentile 7.60 8.51 8.42 8.42 8.09 7.76 7.36 Purpose of loan Feeder livestock 8.42 9.31 9.42 8.59 8.41 8.16 8.38 Other livestock 8.10 8.73 8.65 8.72 8.71 8.45 7.79 Other current operating expenses 7 8.70 9.28 9.04 8.93 8.83 8.49 8.32 Farm machinery and equipment 9.06 9.31 9.68 9.19 8.66 9.48 8.90 Farm real estate 7.81 8.90 8.90 8.20 8.55 8.12 7.31 Other 8 8.24 9.12 8.60 8.60 8.29 8.47 8.18 Share of total loan volume Features of loan Floating rates 84.16 81.19 79.75 73.49 72.94 80.39 89.54 Under commitment 82.17 91.49 87.19 85.44 90.21 88.19 77.14 Callable 25.23 23.34 25.68 23.62 31.61 29.34 22.94 Purpose of loan Feeder livestock 10.30 4.09 7.67 9.19 15.83 12.10 9.49 Other livestock 7.65 3.74 4.75 7.65 6.94 7.07 8.56 Other current operating expenses 7 32.72 79.49 68.68 59.72 51.00 41.81 15.76 Farm machinery and equipment 7.78 4.69 6.92 10.16 5.12 7.12 8.51 Farm real estate 4.18 2.08 1.36 3.47 4.48 7.33 3.71 Other 8 37.37 5.92 10.61 9.81 16.63 24.58 53.97 Type of collateral Farm real estate 9.16 5.30 6.07 9.68 12.89 17.44 6.39 Other 80.40 85.82 88.07 86.69 85.57 75.87 78.77 _______________________________________________________________________________________________________________________________ Note. Most large farm lenders that reported loans to farmers had more than $25 million in farm loans. For explanation of footnotes, see table A.8. 14